Pimlico Plumbers founder Charlie Mullins OBE has declared he will not be coming back to the UK while Labour is in power.
The man dubbed ‘Britain’s Richest Plumber’ despaired on GB News about Keir Starmer and Rachel Reeves’s planned raid on non-doms, which he thinks will drive millionaires out of the country.
Mullins himself has already departed for Marbella, Spain, where he has business interests.
Speaking to Jacob Rees-Mogg, he said the Labour Party “despises” wealthy people in a furious rant.
The former Pimlico Plumbers boss took aim at Starmer and Reeves
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“They’re socialists, they seem to have a plan to bankrupt Britain very quickly”, he said.
“I have gone to Spain, as you know, and I will not be coming back while Labour are in power.
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“We need to be giving incentives for people to stay, not raising taxes.
“None of them have a day’s work between them.”
Jacob countered Mullins’s point, suggesting he would be best served staying in Britain to help see an end to the Labour Government through democratic means.
But Mullins said he has helped towards the UK system for decades, and he has received little thanks.
Mullins joined Jacob Rees-Mogg on GB News
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“I cannot do more than what I have done”, he said.
“They are driving us out. Should I be staying to fight? The answer is no because it’s a losing battle.
“I wish I wasn’t leaving. I have another business in Britain. If they make it too difficult, I will move it to Dubai.”
Labour pledged in its election manifesto to crack down on so-called non-doms, meaning UK residents whose permanent home, or domicile, is outside of the UK for tax purposes.
Rachel Reeves has clarified that ‘tough decisions’ will need to be made in the October Budget GB NEWSNon-doms currently only have to pay tax on the money they earn in the UK.
The upcoming Budget statement could see the policy changed after Labour said it would remove “the outdated non-dom tax regime”, but reports have suggested that it could risk driving ultra-rich residents out of the country.
The Treasury said last week that it was “committed to addressing fairness in the tax system”, and that it would be replacing the system with a “new internationally competitive residence-based regime”.